{"id":48245,"date":"2017-03-03T21:55:00","date_gmt":"2017-03-04T02:55:00","guid":{"rendered":"https:\/\/prefblog.com\/?p=48245"},"modified":"2025-07-15T21:56:21","modified_gmt":"2025-07-16T01:56:21","slug":"march-3-2017","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=48245","title":{"rendered":"March 3, 2017"},"content":{"rendered":"

As expected, increases in the minimum wage have led to increased productivity in the US<\/a>:<\/p>\n

Wendy’s plans to install self-ordering kiosks in 1,000 of its stores \u2014 about 16 percent of its locations \u2014 by the end of the year.
…<\/b>
[Wendy’s Chief Information Officer David] Trimm said the kiosks accomplish two purposes: They give younger customers an ordering experience that they prefer, and they reduce labor costs.<\/p>\n

A typical store would get three kiosks for about $15,000. Trimm estimated the payback on those machines would be less than two years, thanks to labor savings and increased sales. Customers still could order at the counter.
…<\/b>
“Last year was tough \u2014 5 percent wage inflation,” said Bob Wright, Wendy’s chief operating officer, during his presentation to investors and analysts last week. He added that the company expects wages to rise 4 percent in 2017. “But the real question is what are we doing about it?”<\/p>\n

Wright noted that over the past two years, Wendy’s has figured out how to eliminate 31 hours of labor per week from its restaurants and is now working to use technology, such as kiosks, to increase efficiency.<\/p>\n<\/blockquote>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref™ Preferred Indices
These values reflect the December 2008 revision of the HIMIPref™ Indices<\/strong>
Values are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
Current
Yield
(at bid)<\/td>\n		Median
YTW<\/td>\n		Median
Average
Trading
Value<\/td>\n		Median
Mod Dur
(YTW)<\/td>\n		Issues<\/td>\nDay’s Perf.<\/td>\nIndex Value<\/td>\n<\/tr>\n
Ratchet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.5144 %<\/td>\n2,086.3<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.5144 %<\/td>\n3,828.2<\/td>\n<\/tr>\n
Floater<\/td>\n3.62 %<\/td>\n3.81 %<\/td>\n53,161<\/td>\n17.75<\/td>\n4<\/td>\n-0.5144 %<\/td>\n2,206.2<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1333 %<\/td>\n2,996.2<\/td>\n<\/tr>\n
SplitShare<\/td>\n5.00 %<\/td>\n3.88 %<\/td>\n63,357<\/td>\n0.76<\/td>\n5<\/td>\n-0.1333 %<\/td>\n3,578.1<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1333 %<\/td>\n2,791.8<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n5.36 %<\/td>\n4.76 %<\/td>\n68,375<\/td>\n3.68<\/td>\n20<\/td>\n-0.0215 %<\/td>\n2,737.5<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n5.17 %<\/td>\n5.22 %<\/td>\n96,113<\/td>\n15.05<\/td>\n18<\/td>\n-0.0589 %<\/td>\n2,913.9<\/td>\n<\/tr>\n
FixedReset<\/td>\n4.47 %<\/td>\n4.10 %<\/td>\n226,942<\/td>\n6.75<\/td>\n97<\/td>\n0.0168 %<\/td>\n2,308.6<\/td>\n<\/tr>\n
Deemed-Retractible<\/td>\n5.04 %<\/td>\n-0.31 %<\/td>\n136,076<\/td>\n0.15<\/td>\n31<\/td>\n0.0952 %<\/td>\n2,856.0<\/td>\n<\/tr>\n
FloatingReset<\/td>\n2.49 %<\/td>\n3.21 %<\/td>\n52,367<\/td>\n4.63<\/td>\n9<\/td>\n0.0161 %<\/td>\n2,470.5<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
PWF.PR.A<\/td>\nFloater<\/td>\n-1.67 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-03-03
\nMaturity Price : 14.75
\nEvaluated at bid price : 14.75
\nBid-YTW : 3.22 %<\/td>\n<\/tr>\n
CCS.PR.C<\/td>\nDeemed-Retractible<\/td>\n-1.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.50
\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n
PWF.PR.T<\/td>\nFixedReset<\/td>\n-1.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-03-03
\nMaturity Price : 21.57
\nEvaluated at bid price : 21.96
\nBid-YTW : 4.03 %<\/td>\n<\/tr>\n
HSE.PR.C<\/td>\nFixedReset<\/td>\n1.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-03-03
\nMaturity Price : 22.61
\nEvaluated at bid price : 23.25
\nBid-YTW : 4.62 %<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
Traded<\/td>\n		Notes<\/td>\n<\/tr>\n
TD.PF.A<\/td>\nFixedReset<\/td>\n141,581<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-03-03
\nMaturity Price : 21.55
\nEvaluated at bid price : 21.94
\nBid-YTW : 3.89 %<\/td>\n<\/tr>\n
BIP.PR.D<\/td>\nFixedReset<\/td>\n49,262<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-03-03
\nMaturity Price : 23.16
\nEvaluated at bid price : 25.00
\nBid-YTW : 4.89 %<\/td>\n<\/tr>\n
TRP.PR.B<\/td>\nFixedReset<\/td>\n47,895<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-03-03
\nMaturity Price : 14.42
\nEvaluated at bid price : 14.42
\nBid-YTW : 4.05 %<\/td>\n<\/tr>\n
RY.PR.R<\/td>\nFixedReset<\/td>\n45,092<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-08-24
\nMaturity Price : 25.00
\nEvaluated at bid price : 27.13
\nBid-YTW : 3.49 %<\/td>\n<\/tr>\n
RY.PR.G<\/td>\nDeemed-Retractible<\/td>\n38,035<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2017-04-02
\nMaturity Price : 25.00
\nEvaluated at bid price : 25.16
\nBid-YTW : -2.22 %<\/td>\n<\/tr>\n
NA.PR.A<\/td>\nFixedReset<\/td>\n36,602<\/td>\nYTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-08-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.50
\nBid-YTW : 4.01 %<\/td>\n<\/tr>\n
There were 19 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n
Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nQuote Data and Yield Notes<\/td>\n<\/tr>\n
PWF.PR.A<\/td>\nFloater<\/td>\nQuote: 14.75 – 15.15
\nSpot Rate : 0.4000
\nAverage : 0.2759<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-03-03
\nMaturity Price : 14.75
\nEvaluated at bid price : 14.75
\nBid-YTW : 3.22 %<\/td>\n<\/tr>\n

W.PR.M<\/td>\nFixedReset<\/td>\nQuote: 26.10 – 26.30
\nSpot Rate : 0.2000
\nAverage : 0.1292<\/p>\n

YTW SCENARIO
\nMaturity Type : Call
\nMaturity Date\t: 2021-10-15
\nMaturity Price : 25.00
\nEvaluated at bid price : 26.10
\nBid-YTW : 4.33 %<\/td>\n<\/tr>\n

TRP.PR.D<\/td>\nFixedReset<\/td>\nQuote: 22.05 – 22.39
\nSpot Rate : 0.3400
\nAverage : 0.2694<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-03-03
\nMaturity Price : 21.63
\nEvaluated at bid price : 22.05
\nBid-YTW : 4.01 %<\/td>\n<\/tr>\n

TRP.PR.B<\/td>\nFixedReset<\/td>\nQuote: 14.42 – 14.73
\nSpot Rate : 0.3100
\nAverage : 0.2399<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2047-03-03
\nMaturity Price : 14.42
\nEvaluated at bid price : 14.42
\nBid-YTW : 4.05 %<\/td>\n<\/tr>\n

CCS.PR.C<\/td>\nDeemed-Retractible<\/td>\nQuote: 23.50 – 23.84
\nSpot Rate : 0.3400
\nAverage : 0.2720<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.50
\nBid-YTW : 5.93 %<\/td>\n<\/tr>\n

IAG.PR.A<\/td>\nDeemed-Retractible<\/td>\nQuote: 22.75 – 22.97
\nSpot Rate : 0.2200
\nAverage : 0.1675<\/p>\n

YTW SCENARIO
\nMaturity Type : Hard Maturity
\nMaturity Date\t: 2025-01-31
\nMaturity Price : 25.00
\nEvaluated at bid price : 22.75
\nBid-YTW : 6.02 %<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

As expected, increases in the minimum wage have led to increased productivity in the US: Wendy’s plans to install self-ordering kiosks in 1,000 of its stores \u2014 about 16 percent of its locations \u2014 by …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-48245","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48245","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=48245"}],"version-history":[{"count":1,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48245\/revisions"}],"predecessor-version":[{"id":48246,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/48245\/revisions\/48246"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=48245"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=48245"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=48245"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}